Jad Fish: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Jad Fish
Largest movements
- Tangible fixed assets -€14,180
down €14,180 (-24.8%), from €57,280 to €43,100
- Receivables within one year -€10,538
down €10,538 (-24.3%), from €43,300 to €32,762
- Stocks and contracts -€6,735
down €6,735 (-57.3%), from €11,760 to €5,025
- Cash -€3,799
down €3,799 (-76.4%), from €4,975 to €1,176
mainly Trade debts (-€33,984) and Net result for the year (-€1,187)
- Trade debts -€33,984
down €33,984 (-47.1%), from €72,087 to €38,103
- Profit (loss) carried forward -€1,187
down €1,187 (-6.0%), from €19,790 to €18,603
- Gross operating margin +€13,953
up €13,953 (+366%), from €3,811 to €17,765
- Taxes +€2,482
new in 2025: €2,482
- Depreciation -€1,713
down €1,713 (-10.8%), from €15,893 to €14,180
- Other operating charges +€1,633
up €1,633 (+71.2%), from €2,291 to €3,924
- Financial income +€591
up €591 (+44.1%), from €1,340 to €1,931
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,315 | €82,063 | -€35,252 | -30.0% |
| Fixed assets | 21/28 | €57,280 | €43,100 | -€14,180 | -24.8% |
| Tangible fixed assets | 22/27 | €57,280 | €43,100 | -€14,180 | -24.8% |
| Furniture and vehicles | 24 | €57,280 | €43,100 | -€14,180 | -24.8% |
| Current assets | 29/58 | €60,035 | €38,963 | -€21,072 | -35.1% |
| Stocks and contracts in progress | 3 | €11,760 | €5,025 | -€6,735 | -57.3% |
| Stocks | 30/36 | €11,760 | €5,025 | -€6,735 | -57.3% |
| Amounts receivable within one year | 40/41 | €43,300 | €32,762 | -€10,538 | -24.3% |
| Other amounts receivable | 41 | €43,300 | €32,762 | -€10,538 | -24.3% |
| Cash at bank and in hand | 54/58 | €4,975 | €1,176 | -€3,799 | -76.4% |
| Total equity and liabilities | 10/49 | €117,315 | €82,063 | -€35,252 | -30.0% |
| Equity | 10/15 | €27,850 | €26,663 | -€1,187 | -4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,790 | €18,603 | -€1,187 | -6.0% |
| Amounts payable | 17/49 | €89,465 | €55,400 | -€34,065 | -38.1% |
| Amounts payable within one year | 42/48 | €89,465 | €55,400 | -€34,065 | -38.1% |
| Trade debts | 44 | €72,087 | €38,103 | -€33,984 | -47.1% |
| Suppliers | 440/4 | €72,087 | €38,103 | -€33,984 | -47.1% |
| Taxes, remuneration and social security | 45 | €17,378 | €17,296 | -€81 | -0.5% |
| Taxes | 450/3 | €17,378 | €17,296 | -€81 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,893 | €14,180 | -€1,713 | -10.8% |
| Other operating charges | 640/8 | €2,291 | €3,924 | +€1,633 | +71.2% |
| Gross operating margin | 9900 | €3,811 | €17,765 | +€13,953 | +366% |
| Operating profit (loss) | 9901 | -€14,373 | -€339 | +€14,034 | +97.6% |
| Financial income | 75/76B | €1,340 | €1,931 | +€591 | +44.1% |
| Recurring financial income | 75 | €1,340 | €1,931 | +€591 | +44.1% |
| Financial charges | 65/66B | €648 | €296 | -€352 | -54.3% |
| Recurring financial charges | 65 | €648 | €296 | -€352 | -54.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,682 | €1,295 | +€14,977 | |
| Income taxes | 67/77 | - | €2,482 | +€2,482 | |
| Profit (loss) for the period | 9904 | -€13,682 | -€1,187 | +€12,495 | +91.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,682 | -€1,187 | +€12,495 | +91.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.